Unsecured business loans up to $500,000 with low APRs.

Got a business less than a year old? Looking for up to $250,000 in financing? Oracle Loans might be just what you’re looking for. With this business loan marketplace, new businesses that are at least six months old with a personal credit score of 680 or higher can potentially qualify for a startup loan. And more established companies might be able to get up to $500,000 in financing with one of its unsecured business loan programs. Rates might not be as competitive as other lenders, however. Read on to learn if Oracle is right for your business.

$5,000

Min. Amount

$500,000

Max. Amount

Details

Product Name Oracle Loans business loans
Min. Amount $5,000
Max. Amount $500,000
Loan Term 1 to 20 years
Min. Credit Score 680
APR Starting at 5.49%
Requirements 680+ personal credit

Application Criteria

680+ personal credit

First, am I eligible?

To meet Oracle Loans’ partners’ most basic eligibility requirement for an unsecured business loan, you must have a personal credit score of 680 or higher.

For its startup loan, it mentions you must be in business for at least six months and have at least $10,000 in monthly deposits, but it doesn’t state any time or revenue requirements for its other unsecured business loan programs.

What’s an Oracle Loans business loan?

Oracle Loans is an online business loan marketplace. Direct lender and online broker Strategic Capital handles its unsecured business loans that range from $5,000 to $500,000 Starting at 5.49% APR with terms from 12 to 240 months. It offers four different programs, though there are few differences between them.

Program Amounts Terms Type of repayment Turnaround time
Startup
$5,000–$250,000
Up to 20 years
Monthly
1–3 days
Bronze
$10,000–$500,000
Up to 20 years
Monthly
5–7 days
Silver
$10,000–$500,000
Up to 20 years
Monthly
1–3 days
Gold
$10,000–$500,000
1–20 years
Monthly
3–5 days

In addition to unsecured term loans, Oracle Loans’ partners also offer:

  • Secured term loans. Score a more competitive rate on your business term loan by backing it with real estate, equipment, luxury assets and more.
  • Business lines of credit. Instead of getting all your funds at once, this option lets you access money as you need it and pay it off with a monthly minimum, similar to a credit card.
  • Real estate loans. Oracle Loans can connect your business with partners that offer traditional real estate financing as well as hard money loans, bridge loans, commercial loans and even residential loans.

What makes Oracle Loans unique?

Oracle Loans is one of a handful of options for new business owners. It also offers a relatively wide range of loan amounts compared to other online lenders. Turnaround time is relatively quick depending on the program you choose, with the potential to get your funds in just one business day.

It’s also uniquely confusing. From the site, it’s difficult to tell that Oracle is a marketplace that connects businesses with its partners — which are sometimes also marketplaces. This can make it unclear who you’re dealing with and which privacy policies or terms and conditions apply. It also lists three different loan programs that seemingly offer the same thing.

What are the benefits of a business loan from Oracle Loans?

What to watch out for

  • Poorly designed site. While there’s lots of information online about Oracle, it’s sometimes hard to weed through. It’s also not clear how Oracle works from the site alone and the link to its FAQ page doesn’t work as of July 2018.
  • Origination and processing fees. Strategic Capital deducts an origination and processing fee from your funds before your business receives them.

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